How do you pay tax on rental income?
Does anyone know how much/how you are supposed to pay tax on rental income? Do they prompt you for it or do you need to declare it yourself somehow?
Does anyone know how much/how you are supposed to pay tax on rental income? Do they prompt you for it or do you need to declare it yourself somehow?
Posted: Fri Feb 10, 2017 1:04pm
There are two possibilities, you either register as a business and pay taxes accordingly or you declare it on your annual tax return. Your accountant will tell you.